19. After regulation 97 (trade: overlapping offences), insert—
97A.—(1) The duty of the Bank of England to make a decision under section 89H(2) of the Banking Act 2009 (recognition of third-country resolution actions)(1) does not apply in relation to the notification of third-country resolution action in respect of—
(a)a designated person, or
(b)a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by a designated person.
(2) In paragraph (1)—
“designated person” has the same meaning as it has in Chapter 1 of Part 3 (asset-freeze etc.);
“third-country resolution action” has the meaning given in section 89H(7) of the Banking Act 2009.”
2009 c. 1. Section 89H was inserted by S.I. 2014/3329, and amended by S.I. 2018/1394.